The CIFs are being established by the Bank jointly with the Regional Development Banks (AfDB,
AsDB, EBRD, and IDB) to promote international cooperation on climate change and support
progress towards the future of the climate change regime. The CIFs consist of the Clean
Technology Fund (CTF) and the Strategic Climate Fund (SCF). The SCF will provide financing to
pilot new development approaches or to scale-up activities aimed at a specific climate change
challenge through targeted programs. The first program to be included in the SCF would pilot
national level actions for enhancing climate resilience in a few highly vulnerable countries

Examples

Bangladesh was one of the three countries for which the Pilot Program on Climate Resilience
(PPCR) was approved. The country will receive a total of US$50 million in grant and US$60
million in near zero-interest credits to pilot climate resilience strategies